RE:RE:RE:KASH is looking sexy now... way undervaluedhttps://www.newswire.ca/news-releases/hashchain-technology-responds-to-bitcoin-price-665937433.html
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VANCOUVER, Dec. 22, 2017 /CNW/ - HashChain Technology Inc. ("HashChain" or the "Company") has a team of experienced cryptocurrency professionals who monitor cryptocurrencies on an ongoing basis to determine which currencies are most profitable to mine. The recent price decline of Bitcoin still provides profitability to miners. Based on the current difficulty rate of mining a bitcoin which results in approximately 0.6 bitcoins mined per annum, per mining rig, the break even price of a Bitcoin would be approximately $2,100 USD per coin. At Bitcoin prices of $10,000 USD per coin, miners are experiencing approximately 79% gross margin.
Pat Gray, CEO and director of HashChain, comments "HashChain is building a Blockchain technology solutions company that is long in the space. When we started our mining operations the price of Bitcoin was approximately $4,000 USD per coin and the price of Dash was approximately $200 USD per coin. At these prices our business model was extremely viable. We believe that digital assets are the future and fluctuations in the market prices are both typical and expected. We are here to build a viable business that will innovate for years to come. Although there is a dip in the market today, the cryptocurrency market has seen many corrections since inception.
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